August 29, 2014
CARSON CITY, Nev. (AP) - Gov. Brian Sandoval wants to give tax breaks to Nevada businesses that donate to scholarships for low-income children to attend private schools.
Sandoval's Chief of Staff Gerald Gardner and other members of Sandoval's administration presented SB445 Monday to the Senate Finance Committee. No action was taken on the bill.
Gardner says the bill is among the governor's top priorities for the 2013 session.
It would give businesses a dollar-for-dollar tax break on their modified business tax liabilities.
Total tax breaks for the program would be capped at $5 million a year.
Scholarship eligibility would be limited to students in households with incomes up to 300 percent of the federal poverty level. For a family of four, that equates to about $70,000 a year.
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